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how sandy really flattened the economy. and what did america's children do to deserve this? fox reports on a program that will require students in several states to spend hundreds more hours in school each year. plus the new plan to save a small town doctor from extension. --ti extinction. that is a cust. oh...sorry about that. [ male announcer ] break from the holiday stress. fedex office. humans -- sometis life trips us up. and sometimes, we trip ourselves up, but that's okay. at liberty mutual insurance we can "untrip" you as you go through your life with personalized policies and discounts when you need them most. just call... and speak with a licensed representative about saving on your policy when you get married, move into a new house... [crash!] or add a car to your policy. don't forget to ask about sang up to 10% when you combine your auto and home insurance with liberty mutual. security, coverage, and savis. all the things humans need to make our beautifully imperfect world a little lesimperfect. call... and lock in your rate for 12 months. liberty mutual insurance
how sandy really flattened the economy. and what did america's children do to deserve this? fox reports on a program that will require students in several states to spend hundreds more hours in school each year. plus the new plan to save a small town doctor from extension. --ti extinction. that is a cust. oh...sorry about that. [ male announcer ] break from the holiday stress. fedex office. humans -- sometis life trips us up. and sometimes, we trip ourselves up, but that's okay. at liberty...
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they'll share their views on how to right the japanese economy. they'll debate whether japan should join negotiations on the free-trade agreement known as the transpacific partnership. they'll outline their vision for how to supply the country's energy needs after the nuclear disaster in fukushima. and they'll talk about how to defend national security. the official campaign lasts 12 days. voters head to the polls on sunday, december 16th. earlier i spoke with nhk senior commentator masayo nakajima, who has covered countless elections in japan. i asked him what voters are thinking about most. >> voters are thinking first off about whether the democratic party of japan should stay in power. you know, the dpj swept into power in 2009, ending more than half a century of unbroken rule by the leader democrats. its leaders promised a lot as people used to being in opposition often do. they said they would cut government spending. they said they would stop the construction of a multimillion-dollar dam, make expressways toll free. prime minister noda had
they'll share their views on how to right the japanese economy. they'll debate whether japan should join negotiations on the free-trade agreement known as the transpacific partnership. they'll outline their vision for how to supply the country's energy needs after the nuclear disaster in fukushima. and they'll talk about how to defend national security. the official campaign lasts 12 days. voters head to the polls on sunday, december 16th. earlier i spoke with nhk senior commentator masayo...
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Dec 8, 2012
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but as far as the economy goes, it's not really a cliff, one specific act. it's going to be more like a slope and we are going to see most likely an economic slowdown where jobs are going to slow down because we're not going to see companies expand, we're not going to be seeing them grow. and this economy that we've been hoping to see a recovery could really head in the other direction, but it's not something we're going to see january 2nd, 3rd, and 4th. it's really overthe long haul. >> people hear you say lower paychecks. what about the tax hike? >> it's a negative. people need to prepare, that come the new year, they are going to get less money in their paychecks. for those who hadn't had a job for a very long time and who are living paycheck to paycheck, this is a big issue. earlier this week, we spoke to the governor of pennsylvania who said people are pouring in, reaching out to their local legislators saying help us get some compromise and some resolution because in this economy, people simply can't afford it. and it is january 2nd, right after the ne
but as far as the economy goes, it's not really a cliff, one specific act. it's going to be more like a slope and we are going to see most likely an economic slowdown where jobs are going to slow down because we're not going to see companies expand, we're not going to be seeing them grow. and this economy that we've been hoping to see a recovery could really head in the other direction, but it's not something we're going to see january 2nd, 3rd, and 4th. it's really overthe long haul. >>...
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Dec 6, 2012
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economy and affected by it. gone are the days when businesses relied solely on growing their customer base for domestic markets. today, 95% of the world's consumers live outside the united states, and we're producing for those consumers as well as domestic ones. one of the things that will help our economy improve at a faster rate would be to increase trade opportunities overseas for american businesses and farmers, increase trade helps create jobs, increase income and expand opportunities for innovation. and as we've seen over the course of history and also repeated what president john f. kennedy often spoke about, free and fair trade helps all boats rise. that is to say, countries willing to lower their trade barriers and allow fair and competitive trade will see growth in their economies. however, history also shows, even among nations with good relations, trade disputes still arise. that is why we need a forum to settle international disputes such as the world trade organization does. the w.t.o. allows ameri
economy and affected by it. gone are the days when businesses relied solely on growing their customer base for domestic markets. today, 95% of the world's consumers live outside the united states, and we're producing for those consumers as well as domestic ones. one of the things that will help our economy improve at a faster rate would be to increase trade opportunities overseas for american businesses and farmers, increase trade helps create jobs, increase income and expand opportunities for...
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Dec 5, 2012
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he's argued this based on economis economists. it's not nonsense, an illness. >> first of all, going back to my core argument, the idea if you're grg toç take $89 billioa year and reduce the deficit, it's laughable in its face. the president is calling for more spending with his new stimulus. number two. point number two, the democrats have shown nothing by way of spending cuts. julian talks about there's $1.6 trillion. only in washington, d.c. can you say we're winding down the war but we're going to count that as savings. baseline spending doesn't make any sense. the president of the united states -- >> if we -- >> julian, hang on one second. the president of the united states should call the congressional leadership up to camp david, go up there and they should get in a room and they should sit there until they hammer out a deal. >> i agree with that. >> julian, go ahead. >> there are three big points the viewers need to understand and they need to take note that ron did not respond to. first, on the economists. the economist
he's argued this based on economis economists. it's not nonsense, an illness. >> first of all, going back to my core argument, the idea if you're grg toç take $89 billioa year and reduce the deficit, it's laughable in its face. the president is calling for more spending with his new stimulus. number two. point number two, the democrats have shown nothing by way of spending cuts. julian talks about there's $1.6 trillion. only in washington, d.c. can you say we're winding down the war but...
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. >> the damage it will do to the economy. i don't think the president has a bigger role as he thinks he is. the house will be held by republicans for the foreseeable future, not just two years. midterm election six years, sterile for the president. the end of the day he wants a legacy. it's going to be the highest unemployment in history for two terms it is not careful. he will take us back into recession. if he nts serious negotiations that will sit down d me to some kind an agreement. we have been down this road before where republicans of given on the taxes. was in the white house with reagan. they promised dollars in cuts. they didn't give us anything. bush went through the same drill when he broke hi tax pledge, busch sr. we have had this history before. basically, tell us what you're going to do. there will be a stimulus by fixing the northeast from the storm. add another 50 billion out there on top of the package. and then the audacity of saying, i'm going to raise the debt ceiling whenever i want to. give me permissio
. >> the damage it will do to the economy. i don't think the president has a bigger role as he thinks he is. the house will be held by republicans for the foreseeable future, not just two years. midterm election six years, sterile for the president. the end of the day he wants a legacy. it's going to be the highest unemployment in history for two terms it is not careful. he will take us back into recession. if he nts serious negotiations that will sit down d me to some kind an agreement....
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if the economy is great --. ashley: so difficult to trade in this environment right now. >> it is so difficult to trade. people have to be very aware. that is the key word you use, trade. do you want to be a trader or do you want to be an investor? so many people tell me, charles, i don't want to be trader. they buy at 30, goes to 28.04, oh, my god i need to sell it, i'm losing my shirt!. what the heck. i thought you didn't want to be a trader? one of the reasons i'm getting a little bit bullish about the market in general. i'm a individual stock guy. i don't like to do the macro thing. i like the way the market acts. we've seen a shaking out of the weak sisters. we had the market pull back sharply. we saw the pullback in apple. weak holders of stocks, weak sisters have for the most part been shaken out. it would take disasterous news --. ashley: talking about disaster, what if we went over the cliff? >> if we did go over the cliff and saw the market pull back sharply i would look to be a buyer on the pullback.
if the economy is great --. ashley: so difficult to trade in this environment right now. >> it is so difficult to trade. people have to be very aware. that is the key word you use, trade. do you want to be a trader or do you want to be an investor? so many people tell me, charles, i don't want to be trader. they buy at 30, goes to 28.04, oh, my god i need to sell it, i'm losing my shirt!. what the heck. i thought you didn't want to be a trader? one of the reasons i'm getting a little bit...
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economy will slow and slip into double digit recession like europe right now is experiencing. comes as more bad news on the jobs front as 350,000 americans have left the labor force which is a good indication that a real recovery is nowhere in sight. now, let's get right to the bottom line. you, the american people in american pay zero federal income tax. tell me what part of that is not fair? most taxpayers pay close to more than 50 cents of every dollar they make. they pay the state, the local, the fatigue government in taxes. what america should be addressing is two things. one, we should be addressing generational theft. we now as a country borrow 40 cents of every dollar that the government spends, and we've accumulated 16 trillion dollars in debt. now, in 2008 obama called nine trillion dollars in debt. he said that was irresponsible, unpatriotic. to say this another way, we're literally stealing money from our children and our grandchildren. now, this is the kind of generational theft that has never happened in this country until now, and neerlt part neits addressing th
economy will slow and slip into double digit recession like europe right now is experiencing. comes as more bad news on the jobs front as 350,000 americans have left the labor force which is a good indication that a real recovery is nowhere in sight. now, let's get right to the bottom line. you, the american people in american pay zero federal income tax. tell me what part of that is not fair? most taxpayers pay close to more than 50 cents of every dollar they make. they pay the state, the...
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Dec 6, 2012
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and an average $2.3 billion a year. >> it is the lifeblood of our economy in the keys. we get millions of visitors a year who spend millions of hours out on the ocean diving and fishing on our coral reefs. >> sreenivasan: amy slates dive resort depends on coral, and the divers who come to see them >> because we deal so much with nature and with diving its it's probably life or death for my business, i hate to say it, but if the coral reefs thrive and grow, the more wildlife you have and the nicer it will be for everyone. and the more the divers will want to come here. >> sreenivasan: divers like the volunteers helping ken nedimyer rebuild reefs. >> i think our effort is, you know, it's certainly not the answer. it's a part of the solution, it's doing something, it's buying us time. >> sreenivasan: time may be is running out for coral reefs in florida and elsewhere. >> woodruff: hari's next story is about the impact warmer and more acidic waters have on shellfish. you can preview that and previous reports on our "coping with climate change" page on our website. >> ifill:
and an average $2.3 billion a year. >> it is the lifeblood of our economy in the keys. we get millions of visitors a year who spend millions of hours out on the ocean diving and fishing on our coral reefs. >> sreenivasan: amy slates dive resort depends on coral, and the divers who come to see them >> because we deal so much with nature and with diving its it's probably life or death for my business, i hate to say it, but if the coral reefs thrive and grow, the more wildlife...
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perhaps the internet world has made the global economy closer so they can see it up front. but, i think that they also want to make sure those ladders of opportunity do continue to exist. that's why we need that fairer tax rate which would make sure that everybody can achieve the american dream. >> congresswoman, thanks for your time. i appreciate it. >> thank you. >>> coming up in a moment, a celebration for marriage equality. some are worried about the decision to hear two cases about same-sex marriage. we'll see where my next guest stands when weekends with alex witt continues. [ male announcer ] research suggests cell health plays a key role throughout our lives. one a day men's 50+ is a complete multivitamin designed for men's health concerns as we age. it has 7 antioxidants to support cell health. one a day men's 50+. can a 30-day-old pluggable febreze make even this old container smell fresh? take a deep breath. describe the room that you're in. i think just like a big, open space. like i'm hanging the sheets on the line. and it smells really fresh, man. let's take y
perhaps the internet world has made the global economy closer so they can see it up front. but, i think that they also want to make sure those ladders of opportunity do continue to exist. that's why we need that fairer tax rate which would make sure that everybody can achieve the american dream. >> congresswoman, thanks for your time. i appreciate it. >> thank you. >>> coming up in a moment, a celebration for marriage equality. some are worried about the decision to hear...
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it is the economy. lou: it trly is. and i want to also if we may put up the cartoon. we do this very elegantly here. please put up the cartoon. the envelope. i just wanted to see that. it is great. the corner from the nation of achievement, minstream america usa to the nation of entitlement . i mean, that s to meet not only with the committee is brilliant. can we put that back up? i want to show you something. some might mess in that cartoon. if you look at the stamp in the upper right, and $0.0. it is a food stamp. i have to say, we are looking at a president who is willing, as you know, an assistant on $82 billion of tax increases on thso-called wealy, the top@ 2%. and that is going to amount to just about nine days, almost nine days a lot bring the federal government's. more and more absurd proportions >> it really is absurd. when you think about it, the deficits cast, ove a trillion dollars for the next four years. freckly this will add $80 billion a year. it i nonsense. it is a parody of reality, and the blood is not responsible about their duty is being fiscal m
it is the economy. lou: it trly is. and i want to also if we may put up the cartoon. we do this very elegantly here. please put up the cartoon. the envelope. i just wanted to see that. it is great. the corner from the nation of achievement, minstream america usa to the nation of entitlement . i mean, that s to meet not only with the committee is brilliant. can we put that back up? i want to show you something. some might mess in that cartoon. if you look at the stamp in the upper right, and...
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Dec 10, 2012
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the idea that they would allow the economy to go down the tubes, allow tacks to go up on virtually every american all in order to protect the bonus tax breaks for high income earners. more and more republicans are recognizing that that's not sustainable. so that's moving us in the right direction, and hopefully we can get it done by the end of the month. >> now, the end of the month, the calendar does matter here because there are house and senate rules that require certain numbers of days for reading. you can suspend rules with all sets of consents, but you may not have the kind of consent unanimously to do that in various houses. how quickly do you need to move ahead with a deal to get it done before the end of the calendar year? >> well, are you exactly right. i mean, even if you were to reach an agreement in principle, you have to, you know, get the specifics agreed to. then you have to put it on paper. you have to allow members of congress a chance to review it. look, i would say for the end of the year then you are talking about having to have something done by christmas, but the s
the idea that they would allow the economy to go down the tubes, allow tacks to go up on virtually every american all in order to protect the bonus tax breaks for high income earners. more and more republicans are recognizing that that's not sustainable. so that's moving us in the right direction, and hopefully we can get it done by the end of the month. >> now, the end of the month, the calendar does matter here because there are house and senate rules that require certain numbers of...
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rowe price, we understand the connections of a complex, global economy. it's just one reason over 75% of our mutual funds beat their 10-year lipper average. t. ro price. invest with confidence. request a prospectus or summary prospectus with investment information, risks, fees and expenses to read and consider carefully before investing. nespresso. where i never have to compromise on anything. ♪ where just one touch creates the perfect coffee. where every cappuccino and latte is only made with fresh milk. and where the staff is exceptionally friendly. ♪ nespresso. what else? >> >> brian: he dreamed of blowing up 10 synagogues in new york city. he will now spend 10 years behind bars and then deported. he got the sentence in exchange for pleading guilty. he could have gotten 32 years or if they asked me to be on the jury . it is that time of year again, the crib making its annual come back. of applause in the control room. it returns on december 17th. as long as the mcrib is out we are happy. steve smile. >> steve: i love the mcrib. put it in my day pla
rowe price, we understand the connections of a complex, global economy. it's just one reason over 75% of our mutual funds beat their 10-year lipper average. t. ro price. invest with confidence. request a prospectus or summary prospectus with investment information, risks, fees and expenses to read and consider carefully before investing. nespresso. where i never have to compromise on anything. ♪ where just one touch creates the perfect coffee. where every cappuccino and latte is only made...
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Dec 3, 2012
12/12
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rowe price, we understand the connections of a complex, global economy. it's just one reason over 75% of our mutual funds beat their 10-year lipper average. t. rowe price. invest with confidence. request a prospectus or summary prospectus with investment information, risks, fees and expenses to read and consider carefully before investing. with investment information, risks, fees and expenses have led to an increase intands clinical depression. drug and alcohol abuse is up. and those dealing with grief don't have access to the professional help they need. when you see these issues, do you want to walk away or step up? with a degree in the field of counseling or psychology from capella university, you'll have the knowledge to make a difference in the lives of others. let's get started at capella.edu and the candidate's speech is in pieces all over the district. the writer's desktop and the coordinator's phone are working on a joke with local color. the secure cloud just received a revised intro from the strategist's tablet. and while i make my way into the
rowe price, we understand the connections of a complex, global economy. it's just one reason over 75% of our mutual funds beat their 10-year lipper average. t. rowe price. invest with confidence. request a prospectus or summary prospectus with investment information, risks, fees and expenses to read and consider carefully before investing. with investment information, risks, fees and expenses have led to an increase intands clinical depression. drug and alcohol abuse is up. and those dealing...
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and if you do, i think the american economy, i would be probably more optimistic about the american economy right now than certainly any part of the rest of the western world. so if you can get this sorted out, you can really move forward, and therefore, i think now that your elections are out of the way, i'm just speaking as an outsider, now your election is out of the way, there's going to be all this bargaining and positions, but my expectations, i hope, and the desire of the world, is sorted out, and we can move on, and then sort our own problems out. >> for those of us in the united states, we see sort of what seems to be two intractable issues. republicans saying we will not raise taxes on the top 2% of earners. the democrats say we're certainly not going to have cuts that hurt spending cuts that hurt the middle class. and as the proposals go on the table they seem intractable on it. >> they do. but you would expect them, the republicans to be more on the tax side and democrats to be more on the we're not cutting spending side. this is pretty routine type of argument. the question is,
and if you do, i think the american economy, i would be probably more optimistic about the american economy right now than certainly any part of the rest of the western world. so if you can get this sorted out, you can really move forward, and therefore, i think now that your elections are out of the way, i'm just speaking as an outsider, now your election is out of the way, there's going to be all this bargaining and positions, but my expectations, i hope, and the desire of the world, is...
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Dec 10, 2012
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WBAL
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and it will grow the economy stronger. more taxpayers, more workers produces more revenue. >> i want to talk about spending, senator durbin. a challenge for you, based on a speech that you gave a couple of weeks ago here to progressives, you said the following about entitlement cuts. and i'll put it on the screen. this was in your prepared remarks which you stuck by. progressives should be willing to talk about ways to ensure the long-term viability of medicare and medicaid, but those conversations shouldart of a plan to avert the fiscal cliff. why not, is my question. you said in that speech there is absolutely savings to be derived from the medicare program and trimming it back. why shouldn't it be front and center in a specified way beyond what the president is proposing, which is about $350 billion over 10 years in cuts? >> david, medicare will run out of money in 12 years. we know that we have to do something to make sure that we take an approach that doesn't voucherize it or take the approach of the paul ryan budget,
and it will grow the economy stronger. more taxpayers, more workers produces more revenue. >> i want to talk about spending, senator durbin. a challenge for you, based on a speech that you gave a couple of weeks ago here to progressives, you said the following about entitlement cuts. and i'll put it on the screen. this was in your prepared remarks which you stuck by. progressives should be willing to talk about ways to ensure the long-term viability of medicare and medicaid, but those...
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Dec 6, 2012
12/12
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CNBC
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rowe price, we understand the connections of a complex, global economy. it's just one reason over 75% of our mutual funds beat their 10-year lipper average. t. rowe price. invest with confidence. request a prospectus or summary prospectus with investment information, risks, fees and expenses to read and consider carefully before investing. with investment information, risks, fees and expenses welcome to the world leader in derivatives. welcome to superderivatives. >>> we already bailed out a couple of its auto companies, but now should the federal government bail out the entire city of detroit? incredibly, some say yes. ahead of president obama's visit to detroit monday, that will be his first in nearly eight months, detroit councilwoman e joe -- joanne watson thinks so. >> our people overwhelmingly supported president obama and quid pro quo. >> joining me is doc thompson of talk radio 1270 wxyt. doc, welcome. let me start without this thought. if you have a federal bailout of detroit, doesn't that mean that citizens, taxpayers of texas, let's say, would
rowe price, we understand the connections of a complex, global economy. it's just one reason over 75% of our mutual funds beat their 10-year lipper average. t. rowe price. invest with confidence. request a prospectus or summary prospectus with investment information, risks, fees and expenses to read and consider carefully before investing. with investment information, risks, fees and expenses welcome to the world leader in derivatives. welcome to superderivatives. >>> we already bailed...
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. >> federal reserve will keep helping with the economy because of the fiscal cliff situation denting consumer confidence and business confidence so you really need ben bernanke in there. on friday.t news >> unemployment report was better than expected but needs to be better than that. >> buzz in washington about whether susan rice or john kerry will be the next secretary of state and i'm told the president hasn't made up his mind yet and may not make up his mind until january. he wants to get the fiscal cliff business done with so don't be in a rush to await that decision. chris: when we return, the the week, will barack obama's scores in the second term be on foreign policy or here at home? chris: welcome back. syria, egypt and afghanistan are just the foreign policy challenges we already know about russia out china and there which brings us to the big question this week -- will the president's second term triumphs be abroad or here at home? >> i think his second term will be defined by foreign policy and looming confrontation over iran. chris: politco has spoken. >> despite all of
. >> federal reserve will keep helping with the economy because of the fiscal cliff situation denting consumer confidence and business confidence so you really need ben bernanke in there. on friday.t news >> unemployment report was better than expected but needs to be better than that. >> buzz in washington about whether susan rice or john kerry will be the next secretary of state and i'm told the president hasn't made up his mind yet and may not make up his mind until...
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is 20% of the global economy. if the u.s. suffers as a result of a fiscal cliff, a complete wiping out of its growth is going to have repercussions around the world. probably half of that. if the u.s. economy has less growth, it will probably be 1% less in mexico, canada, probably less so in europe and japan. but there will be a ripple effects. >> are you worried about it? >> yes. of course i worry about it. the u.s. is a big chunk of the global economy. it has often been a driver of growth. and to have that player virtually flat, if not in recession, would be bad news for the rest of the world. we do not need that because recovery is fragile. we do not want to have this knock on affect on the fragile recovery. >> what would your message be to members of both parties on capitol hill as their negotiating? >> i would say focus on the real issue. the real issues for me are the supremacy of the united states and its leadership role in the world. the u.s. has an economic leadership in the world. it is a safe haven. to make sure --
is 20% of the global economy. if the u.s. suffers as a result of a fiscal cliff, a complete wiping out of its growth is going to have repercussions around the world. probably half of that. if the u.s. economy has less growth, it will probably be 1% less in mexico, canada, probably less so in europe and japan. but there will be a ripple effects. >> are you worried about it? >> yes. of course i worry about it. the u.s. is a big chunk of the global economy. it has often been a driver...
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what so first of all i actually personally don't think the economy is a zero sum game i think that it is possible and there have been times in economic history when you know the country has grown together an error that is often cited is that post-war era and i think part of the reason that in the sort of collective national memory that era of the fifty's the sixty's is bathed in such an awesome. it is if you look at the data it was a period when as one economist has put it america grew together so you can have a combination of you know you can have widely shared economic growth but i would agree with you tom that what we're seeing today the way we're seeing the economy work today is you know i see it as this corn with two very different sides the the same economic forces that are driving the rise of the plutocrats including in particular you know a hedge fund billionaire like we could permit are also hollowing out the middle class are driving down middle class wages and in answer to the second part of your question no i certainly don't think that most of the plutocrats are willing to
what so first of all i actually personally don't think the economy is a zero sum game i think that it is possible and there have been times in economic history when you know the country has grown together an error that is often cited is that post-war era and i think part of the reason that in the sort of collective national memory that era of the fifty's the sixty's is bathed in such an awesome. it is if you look at the data it was a period when as one economist has put it america grew together...
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find out what's really happening to the global economy with mike stronger for a no holds barred look at the global financial headlines tune into cars a report. download the official publication to choose your language stream quality and enjoy your favorite. t.v. is not required to watch on t.v. all you need is your mobile device to watch on t.v. any time of the. crime. good good. good . welcome back our guest michael wood for the exposed fraud at the japanese firm a limp this live to tell about it he's here on our set giving us the lessons that he feels not pulling any punches when it comes to japanese corporate governance and now i want to speak more broadly to you about the economy because you you worked there you were in a ploy of olympus for thirty years i know that entire time was not in japan but you spent years there in terms of corporate governance you called it an alice in wonderland experience but i'm i'm wondering what your assessment is macro economically because we hear about japan it's government debt but but demographically it's an aging population its birth rate is de
find out what's really happening to the global economy with mike stronger for a no holds barred look at the global financial headlines tune into cars a report. download the official publication to choose your language stream quality and enjoy your favorite. t.v. is not required to watch on t.v. all you need is your mobile device to watch on t.v. any time of the. crime. good good. good . welcome back our guest michael wood for the exposed fraud at the japanese firm a limp this live to tell about...
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Dec 7, 2012
12/12
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they don't blame obama for the weak economy, they still blame w. this isn't about right or wrong. that's what w. did and his crowd did. i want president obama to do what he looks like he's already doing, getting it done right and on time. he knows it's an unc
they don't blame obama for the weak economy, they still blame w. this isn't about right or wrong. that's what w. did and his crowd did. i want president obama to do what he looks like he's already doing, getting it done right and on time. he knows it's an unc
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Dec 8, 2012
12/12
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but in the long run it's a healthier economy that doesn't go down the path of greece. if the long run greece would have low unemployment, but they do not, but yes, we're going to go a percent, if it happens the worse case scenario, but in five years we won't be not able to borrow money. >> brenda: julian, you can go ahead and respond. >> first of all, the ernst & young study has been debunked over and over. and number two, the bush tax cuts, if you let the bush tax cuts. the crs study was a republican study and found the same thing as the cbo. if you let bush tax cuts expire on everybody, yes, you would have negative economic impact. the two staetudies done recentl shows the top two rates, top 2%, virtually no impact. to jonas' point if you raise taxes a the lot and cut spending a lot and so austerity plan, that would have an impact. democrats were for pouring more money into the compli with stimulus and republicans wanted austerity and jonas' point is an argument against what conservatives were pushing for. >> brenda: all right. toby. >> what's the question? >> drivin
but in the long run it's a healthier economy that doesn't go down the path of greece. if the long run greece would have low unemployment, but they do not, but yes, we're going to go a percent, if it happens the worse case scenario, but in five years we won't be not able to borrow money. >> brenda: julian, you can go ahead and respond. >> first of all, the ernst & young study has been debunked over and over. and number two, the bush tax cuts, if you let the bush tax cuts. the crs...
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Dec 8, 2012
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it's why we have to get our economy back on track. i think that's what the election was about that president obama just won the american public feels we are moving in the right direction i think we are as well. >> laura: nancy and nile thanks so much. apparent suicide of the nurse at the center of the kate middleton radio prank and george zimmerman's lawsuit against nbc. geraldo up next. for the lowest. and if it findone, you get refunded the difference. just use your citi card and register your purchase online. have a super sparkly day! ok. [ male announcer ] now all youeed is a magic carriage. citi price rewind. start saving at citi.com/pricerewind. ♪ ♪ [ male announcer ] while you're getting ready for the holidays, we're getting ready for you. tis the season. for food, for family, and now, something extra -- for you. >> very disturbing story developing tonight involving the royal family and radio show hoax that took a terrible turn. the nurse duped into transferring a prank phone call has been found dead an apparent suicide. he
it's why we have to get our economy back on track. i think that's what the election was about that president obama just won the american public feels we are moving in the right direction i think we are as well. >> laura: nancy and nile thanks so much. apparent suicide of the nurse at the center of the kate middleton radio prank and george zimmerman's lawsuit against nbc. geraldo up next. for the lowest. and if it findone, you get refunded the difference. just use your citi card and...
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Dec 8, 2012
12/12
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and when the economy stalls, when the economy sputters, when people lose their jobs, they know which party to blame. >> is this not saying oh, we don't care -- we don't care about this game is another way of saying we are coming to terms with the potential loss? >> exactly, alex. i think the republicans right now are trying -- they went through denial and remorse. and now they are beginning, at least some of them seem to be beginning to accept reality. and that reality is, yes, we had an election. most people do want a tax increase on the rich. most people do not want to see their own taxes go up. most people are in favor of extending the tax cuts for the 98%. lower 98% of americans. and republicans see the writing on the wall. the republican crackup is not yet an avalanche. it is not yet a complete capitulation. but i think that john boehner understands and the republican leadership understands it's only a matter of time. but there is not much time left. >> richard, okay, that sounds like an inherently logical position. >> right. >> that they may be cracking, that there may be a dea
and when the economy stalls, when the economy sputters, when people lose their jobs, they know which party to blame. >> is this not saying oh, we don't care -- we don't care about this game is another way of saying we are coming to terms with the potential loss? >> exactly, alex. i think the republicans right now are trying -- they went through denial and remorse. and now they are beginning, at least some of them seem to be beginning to accept reality. and that reality is, yes, we...
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Dec 10, 2012
12/12
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KRON
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despite an economy that continues to struggle. a spokesperson with excess that they are expecting about 10 percent increase over last year between things living christmas. today 19 million packages along will go through the international network and the company plans to become worse as a reason for the increase. the busiest day for ups rejected the december 22nd that company also credits the commerce as the reason for an expected 6% increase in business. >> cable-tv subscribers may have to read more cable boxes. a federal rule change and they will allow cable companies to scramble all of their programming, including local broadcast and public stations. >> the devil co. say this will allow them to reduce that prevent people from watching program they didn't pay for and improve customer service. >> the federal commission's --the federal communications commission's as riveted the inscription of basic cable since 1994. but in october, the commission voted to allow it. >> mobile payments company square says it is now offering digital g
despite an economy that continues to struggle. a spokesperson with excess that they are expecting about 10 percent increase over last year between things living christmas. today 19 million packages along will go through the international network and the company plans to become worse as a reason for the increase. the busiest day for ups rejected the december 22nd that company also credits the commerce as the reason for an expected 6% increase in business. >> cable-tv subscribers may have...
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Dec 9, 2012
12/12
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CNNW
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despite joblessness, low wages and everything bad about the economy. holiday sales right now are looking pretty good. the national retail sales federation predicts when all is said and done, they'll be up about 5% this year. so why are some retailers so worried? because there is a rapidly growing giant out there, gobbling up customers like nothing before. so much so, that this may be one of the last christmases you'll ever see with shopping quite like this. >> reporter: america's holiday mall mania is as traditional as tinsel, consumers spending more than a half trillion dollars this year will fuel more than a half million seasonal jobs, but the real frenzy is at home, amazon.com. >> what is amazon up to? >> the ambition it seems is to take over the systems of comp assumption. >> barnie jobson a reporter for the financial times has just written a book about amazon's extraordinary rise. >> amazon's sales have been growing about 20% to 30% a year and this is phenomenal when you consider the rest of the retail sector is growing at best 5% a year. there is
despite joblessness, low wages and everything bad about the economy. holiday sales right now are looking pretty good. the national retail sales federation predicts when all is said and done, they'll be up about 5% this year. so why are some retailers so worried? because there is a rapidly growing giant out there, gobbling up customers like nothing before. so much so, that this may be one of the last christmases you'll ever see with shopping quite like this. >> reporter: america's holiday...
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economy is going to shrink by not point one percent in five years twenty twelve now it sounds like a small amount but of course no sign of that all importing in fact what we're seeing is that borrowing has gone up we think that the debt has risen and fallen and most crucially i think is probably the fact as a government have missed the reduction target so we're now facing an extended austerity program this game so it's right the way three twenty eighteen say pretty gloomy out and this is what we were expecting but of course that's going to really not be what millions of families all across the cave again to one thing here and of course this is really going to affect bearing in real terms to speak to us more about this autumn statement by the chancellor today i'm joined by a labor m.p. and the public i say they public health minister thank you for joining us so the british economy is slowly healing according to chancellor george osborne what was your reaction to that well i thought that was a very silly statement the truth is every prophecy every target. he has he has not met his targ
economy is going to shrink by not point one percent in five years twenty twelve now it sounds like a small amount but of course no sign of that all importing in fact what we're seeing is that borrowing has gone up we think that the debt has risen and fallen and most crucially i think is probably the fact as a government have missed the reduction target so we're now facing an extended austerity program this game so it's right the way three twenty eighteen say pretty gloomy out and this is what...
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i think america's got to think that what it needs to do is get growth in its economy as well. and it needs to get growth by trade and exporting. i think what we're missing at the moment is a global agreement whereby big powers try to rebuild confidence in the world. yes, have you to sort out the fiscal problems. yes, you also have to have growth because that's the key to employment and to prosperity to the future. there's a global deal waiting to be done with china, europe, india also involved in this and, of course, america itself, where we could build the confidence that is necessary to get higher levels of growth around the world. >> and finally, gordon brown, i couldn't let you go without asking the view of the single biggest news story to hit the planet in the last week, of course, the royal baby. >> it's incredibly important that we give them the privacy because her health is a massive issue. you can see that britain thinks we have a monarchy you can see, prince charles and prince william and then the baby that is -- comes from the pregnancy, you can see the monarchy str
i think america's got to think that what it needs to do is get growth in its economy as well. and it needs to get growth by trade and exporting. i think what we're missing at the moment is a global agreement whereby big powers try to rebuild confidence in the world. yes, have you to sort out the fiscal problems. yes, you also have to have growth because that's the key to employment and to prosperity to the future. there's a global deal waiting to be done with china, europe, india also involved...
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Dec 10, 2012
12/12
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with a turbo-charged ecoboost engines and a hybrid that doubles the fuel economy of the average vehicle. it's an entirely new idea of what a car can be. >>> so, if you thought the problem in syria was bad, how about this. the chemical weapons situation, the fear that perhaps bashar al assad might actually use chemical weapons on his own people now being exacerbated on a report that perhaps the blame is coming back to us and the accusation from the syrians that we're trying to actually get a hold of those chemical weapons and make it look like the syrian regime has done so. fareed zakari's back with us to talk about this report. it seems as though this is rather serious. only the government, assad's administration has sent a couple of letters to the u.n. suggesting this is all a big plot by the u.s. to get those weapons into the hands of opposition members and then blame the syrians. does this seem logical or like a reach? >> i think it's part of a strategy that the assad regime has decided upon, which is that america is the cause of this. that there is an internal group of terrorists su
with a turbo-charged ecoboost engines and a hybrid that doubles the fuel economy of the average vehicle. it's an entirely new idea of what a car can be. >>> so, if you thought the problem in syria was bad, how about this. the chemical weapons situation, the fear that perhaps bashar al assad might actually use chemical weapons on his own people now being exacerbated on a report that perhaps the blame is coming back to us and the accusation from the syrians that we're trying to actually...
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Dec 6, 2012
12/12
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treasury secretary, tim geithner said the administration is quote, absolutely ready to let the economy go over that cliff, rather than drop the higher tax rates for top earners. president obama also told a group of ceos, he won't republicans inject the threat of a government default into the current negotiations. >> that is a bad strategy for america. it is a bad strategy for your businesses, and it is not a game that i will play. >> in spite of the rhetoric, president obama and house speaker john boehner did speak by phone today for the first time in days. neither side is revealing what they discussed. >>> on wall street, stocks ended mixed with a fiscal cliff. the dow industrials gained 82 points amid optimism about a deal in washington perhaps in the next week. the tech heavy nasdaq fell 22 led lower by apple. its shares were 6% lower. apple's largest loss in a year. apple shares lost $37 to close at 538 and change. still apple stock is up more than $100 since the start of the year. >>> meantime, citigroup announced plans to cut 11,000 jobs, or 4% of its workforce. the company says
treasury secretary, tim geithner said the administration is quote, absolutely ready to let the economy go over that cliff, rather than drop the higher tax rates for top earners. president obama also told a group of ceos, he won't republicans inject the threat of a government default into the current negotiations. >> that is a bad strategy for america. it is a bad strategy for your businesses, and it is not a game that i will play. >> in spite of the rhetoric, president obama and...
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Dec 9, 2012
12/12
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all of us realize, i think, a tax increase at this point, would be devastating to our economy, a tax increase, even focused on the top 2 tax brackets, will kill 700,000 job, not ceo, top 1% jobs, those are men and women who are working hard and living paycheck to paycheck who can hardly afford to absorb the economic impact of a job loss. so much of the conversation is focused on the tax rates. you are concerned that there is not enough about the federal spending? >> yes, especially given the fact that the president's proposal doesn't really take seriously, the spending side of the equation. in fact, the president's proposal, actually contemplates a send spinning ib crease, not cuts. we have to remember that ultimately woo what we have is not a revenue problem, as much as it is a spending problem. that's where we have to be focused and the president is decidedly not focused. >> we wish you all the best in finding a solution. thank if you are your time. >> thank you, shannon. >> still to come on america's news headquarters, fiscal cliff fiasco. enough about tax rates going up, the outr
all of us realize, i think, a tax increase at this point, would be devastating to our economy, a tax increase, even focused on the top 2 tax brackets, will kill 700,000 job, not ceo, top 1% jobs, those are men and women who are working hard and living paycheck to paycheck who can hardly afford to absorb the economic impact of a job loss. so much of the conversation is focused on the tax rates. you are concerned that there is not enough about the federal spending? >> yes, especially given...
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reporter: health republicans say if bush era tax cuts aren't extended for everyone, it will hurt the economy. and they invited small business owners here to capitol hill to make their point. >> reporter: max olsen opened an insurance company this year and is concerned he won't be able to add employees. >> you add their payroll, plus an extra tax amount. then i might not be able to hire them because of it. >> reporter: president obama pressed his case tuesday with ceos of some of the country's largest companies. >> and i'm here to tell you that nobody wants to get this done more than me. >> reporter: the president says he wants to raise tax rates on just about everyone in the room to balance the budget. >> we're not insisting on rates. just out of spite or out of any kind of partisan bickering. but rather, because we need to raise a certain amount of revenue. >> reporter: the president said once republicans put rate hikes on the table, the two sides could find compromise. in washington, danielle nottingham, wjz eyewitness news. >>> president obama also told business leaders he will not play g
reporter: health republicans say if bush era tax cuts aren't extended for everyone, it will hurt the economy. and they invited small business owners here to capitol hill to make their point. >> reporter: max olsen opened an insurance company this year and is concerned he won't be able to add employees. >> you add their payroll, plus an extra tax amount. then i might not be able to hire them because of it. >> reporter: president obama pressed his case tuesday with ceos of some...
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Dec 3, 2012
12/12
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the fact is if there's another way to get revenue from upper income americans that doesn't hurt our economy, then would wouldn't he consider it? >> reporter: that's are publicly unchanged position was a deadline that's set. whether political theater or political reality, there's more mention going over the fiscal cliff could go beyond hypothetical. >> there's clearly a chance. >> i think we're going over the cliff. it's pretty clear to me they've made a political calculation. >> if they are going to force higher rates on virtually all americans because they're unwilling to let tax rates go up on 2% of americans, then, you know, that's the choice they're going to have to make. >> emily joins us live from washington. emily, the zinger sound bites, they're all piling up. what is the actual strategy behind all this political theater? what are you hearing from the republicans and from the democrats? >> reporter: you know, less than a month out now from going over the fiscal cliff. even talk about political strategy sounds an awful lot like posturing. we heard it from secretary geithner who said
the fact is if there's another way to get revenue from upper income americans that doesn't hurt our economy, then would wouldn't he consider it? >> reporter: that's are publicly unchanged position was a deadline that's set. whether political theater or political reality, there's more mention going over the fiscal cliff could go beyond hypothetical. >> there's clearly a chance. >> i think we're going over the cliff. it's pretty clear to me they've made a political calculation....
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Dec 10, 2012
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the economy will go up in flames. you're just not going to get 35%. the president needs to understand he's not going to get 39.6%. if i were sitting in the house and the president asked me to go four, five percentage points up on tax rates right now, i wouldn't do it. i just wouldn't do it. so if it ends at 37% and you get a lot of entitlement reform, then that makes sense. peter, that, though, is -- let's say you're talking to me. we're both, obviously, out of it right now. but let's say you come to me and you go, joe, you've got to compromise on revenue. i say peter, i'll compromise on revenue, but you have to guarantee me -- guarantee me right now, if i vote and support the first tax increase in my lifetime that you guys are going to come forward with real entitlement reform, how do you guarantee me that you're not going to kick the can down the road again on medicare and medicaid for another four years? how can you -- because we're not going to get that deal by the end of the year. but i know you need the revenue. >> you could do a bunch -- on soc
the economy will go up in flames. you're just not going to get 35%. the president needs to understand he's not going to get 39.6%. if i were sitting in the house and the president asked me to go four, five percentage points up on tax rates right now, i wouldn't do it. i just wouldn't do it. so if it ends at 37% and you get a lot of entitlement reform, then that makes sense. peter, that, though, is -- let's say you're talking to me. we're both, obviously, out of it right now. but let's say you...
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Dec 4, 2012
12/12
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the doom and gloom of the fiscal cliff hides an important point about our economy. we play our cards right, america could be headed for another economic renaissance. short-term indicators are looking good. jobs are being created, consumer debt is shrinking. the housing market is making a comeback. forget silver linings, housing has been the golden lining around the economic cloud hanging over the country. mortgage rates are expected to stay low through 2014. home affordability is as good as it it's been in generations. that's going to attract buyers who spent the last few years waiting for prices to bottom out. that's going to help millions of homeowners who currently owe more on their homes than the home is worth. the home prices rising, confidence will return. and longer term prospects also have some real hope in america. we're in the midst of a domestic energy boom that will fuel growth for years to come. advances in horizontal drilling and hydraulic fracturing, you've heard it as fracking, have changed the economics of natural gas recovery. that sent prices way
the doom and gloom of the fiscal cliff hides an important point about our economy. we play our cards right, america could be headed for another economic renaissance. short-term indicators are looking good. jobs are being created, consumer debt is shrinking. the housing market is making a comeback. forget silver linings, housing has been the golden lining around the economic cloud hanging over the country. mortgage rates are expected to stay low through 2014. home affordability is as good as it...
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Dec 3, 2012
12/12
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the new 2013 ram 1500. ♪ with the best-in-class fuel economy. engineered to move heaven and earth. ♪ guts. glory. ram. and with my bankamericard cash rewards credit card, i love 'em even more. i earn 1% cash back everywhere, every time. 2% on groceries. 3% on gas. automatically. no hoops to jump through. that's 1% back on... [ toy robot sounds ] 2% on pumpkin pie. and apple. 3% back on 4 trips to the airport. it's as easy as... -[ man ] 1... -[ woman ] 2... [ woman ] 3. [ male announcer ] the bankamericard cash rewards card. apply online or at a bank of america near you. [ ding! ] losing your chex mix too easily? time to deploy the boring-potato chip decoy bag. then no one will want to steal the deliciousness. [ male announcer ] with a variety of tastes and textures, only chex mix is a bag of interesting. but they haven't experienced extra strength bayer advanced aspirin. in fact, in a recent survey, 95% of people who tried it agreed that it relieved their headache fast. visit fastreliefchallenge.com today for a special trial offer. yep. the l
the new 2013 ram 1500. ♪ with the best-in-class fuel economy. engineered to move heaven and earth. ♪ guts. glory. ram. and with my bankamericard cash rewards credit card, i love 'em even more. i earn 1% cash back everywhere, every time. 2% on groceries. 3% on gas. automatically. no hoops to jump through. that's 1% back on... [ toy robot sounds ] 2% on pumpkin pie. and apple. 3% back on 4 trips to the airport. it's as easy as... -[ man ] 1... -[ woman ] 2... [ woman ] 3. [ male announcer ]...
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Dec 10, 2012
12/12
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we changed our plan and did something about our economy. now we know where to go for help if things change again. call or come in today to take control of your personal economy. get free one-on-one help from america's retirement leader. this reduced sodium soup says it mahelp lower cholesterol, how does it work? you just he to eat it as part of your heart healthy diet. step 1. eat the soup. all those veggies and beans, that's what may help lower your cholesterol and -- well that's easy [ male announcer ] progresso. you gotta taste this soup. >> steve: shaq aclause is coming to town, teaming up with toys r us and toys for tots, fourth year in a row to give gifts to kids in need. this year he's even adding with his shaq santa sack for children affected by hurricane sandy. >> brian: look who is here, shaquille o'neal. welcome back for a great cause. >> how are you doing? hello. >> gretchen: hello. >> nice to see you again. >> gretchen: thank you. >> brian: you grew up, it was all about giving back. you watched your dad in the army helping kids
we changed our plan and did something about our economy. now we know where to go for help if things change again. call or come in today to take control of your personal economy. get free one-on-one help from america's retirement leader. this reduced sodium soup says it mahelp lower cholesterol, how does it work? you just he to eat it as part of your heart healthy diet. step 1. eat the soup. all those veggies and beans, that's what may help lower your cholesterol and -- well that's easy [ male...
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Dec 2, 2012
12/12
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what they really want to know is the economy going to grow or not. if you're increasing taxes on dividend, you get less capital and dividends and then less growth for the economy and less revenue for the government. >> well, a lot of people worry about the many years that japan has been in a slow growth environment, but they've kept interest rates very low in japan, but the problem is, government is too big. that's why japan has not been able to start growing again. and this is the path that the u.s. is certainly on if we don't change that dynamic. >> paul: kim, is there any recognition about this in washington or is it all -- i mean, do you hear any of this discussion or do they really believe, certainly, the white house and the treasury, that tax rates like this don't matter, at that ultimately-- >> no, they do to a degree. if you talk to the officials iran up, come on, so we're going to raise the rates, what is fascinating to put it in the bigger context of the debate about tax revenue, the economists have the static view, you've got x-amounts of
what they really want to know is the economy going to grow or not. if you're increasing taxes on dividend, you get less capital and dividends and then less growth for the economy and less revenue for the government. >> well, a lot of people worry about the many years that japan has been in a slow growth environment, but they've kept interest rates very low in japan, but the problem is, government is too big. that's why japan has not been able to start growing again. and this is the path...
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Dec 2, 2012
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instead of working with congress face to face to save the economy. president obama is trying to gets had way by doing what he does best. campaigning and making speeches about the fiscal cliff. the president never presented a plan until this week . the reception on capitol hill was to say the least chilly. senator mcconle laughed at the proposal when presented to him. joining me is allen west. colonel thank you for being here. [ applause ] what wasyour reaction when you finally saw what the president put on the table? >> i was in complete shock. it has nothing to do with reality. if you look at the president's propose to raise taxs and 50 billion more in stimulus spending and want to extend 99 weekings of unemployment benefits which is it a 30 billion a year . the other thing that troubling is that the president wants his own control of raising the debt ceiling . so i don't think we have a president that is serious about getting the debt under control and deficit and government spending under control especially when you understand that we have ha and
instead of working with congress face to face to save the economy. president obama is trying to gets had way by doing what he does best. campaigning and making speeches about the fiscal cliff. the president never presented a plan until this week . the reception on capitol hill was to say the least chilly. senator mcconle laughed at the proposal when presented to him. joining me is allen west. colonel thank you for being here. [ applause ] what wasyour reaction when you finally saw what the...
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you don't raise taxes when the economy's struggling. we were growing at a clip of 5.6% of gdp growth, and today, it's less than 2%, and he's making the saim argument. lou: thank you. great to have you here. more on the cliff, stalled negotiations, and, of course, ever-lasting hope straight ahead. syria and the fiscal cliff. they share two things in common. they are subjects of an obama ultimate may tum and -- ultimatum and the a-team tonight. >> three, two, one! [cheers and applause] lou: state of washington celebrating the passage of two ballot initiatives. why pot heads gathered at the space needle in seattle next. the fiscal cliff 25 days away, a leading conservative senator unexpectedly resigns, and we'll take that up with his friend and colleague, congressman trey here next. want to try to crack it? yeah, that's the way to do it! now we need a little bimore... [ male announcer ] at humana, we understand the value of quality time and personal attentio which is why we are proud to partner with health care professionals who understand
you don't raise taxes when the economy's struggling. we were growing at a clip of 5.6% of gdp growth, and today, it's less than 2%, and he's making the saim argument. lou: thank you. great to have you here. more on the cliff, stalled negotiations, and, of course, ever-lasting hope straight ahead. syria and the fiscal cliff. they share two things in common. they are subjects of an obama ultimate may tum and -- ultimatum and the a-team tonight. >> three, two, one! [cheers and applause] lou:...
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Dec 6, 2012
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rowe price, we understand the connections of a complex, global economy. t's just one reason over 75% of our mutual funds beat their 10-ar lipper avage. t. rowe price. investwith confidence. request a prospectus or summary prospectus with investment inforon, before investing.xpto ready gives you 1% cash back on all purchases, plus a 50% annual bonus. and everyone...but her kes 50% more cash. but i'm upping my game. do you want a candy cane? ye doant the puppy? yes! do you want a tricycle? yes! do you want 50 percent me cash? no! ♪ festive. [ male announcer ] the capital one cash rewards card gives you 1% cash back on every purchase plus a 50% annual bonus on the cash you earn. it's the card for people who li more cash. what's in your wallet? >>> in the rewrite tonight, politics gangham style? >> you did okay. >> we got a lot of tweets about the pronunciation. when you say gangham the initial g is halfway between a g and k but don't aspirate the k. i don't know what that means. let's get the official, correct pronunciation from our digital producer. >> th
rowe price, we understand the connections of a complex, global economy. t's just one reason over 75% of our mutual funds beat their 10-ar lipper avage. t. rowe price. investwith confidence. request a prospectus or summary prospectus with investment inforon, before investing.xpto ready gives you 1% cash back on all purchases, plus a 50% annual bonus. and everyone...but her kes 50% more cash. but i'm upping my game. do you want a candy cane? ye doant the puppy? yes! do you want a tricycle? yes!...
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Dec 4, 2012
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somebody who has millions and millions of dollars another $100,000, they're not going to spend it into the economy and hire someone, they're going to send it to the caymans, which is what mitt romney did with his tax cuts. that's what they're going to do. the economic theory is not sound. if you give somebody with $50,000 another $1,000, they're going to spend it. >> at christmastime instead of a working stiff gets $50 for a thank you, they gave their 50 bucks to the boss. is that how -- >> by the way, a long time before the tea party existed or had a name, grover norquist, the famous anti-tax lobbyist in washington, was running around beginning to enforce ayatollah-style his edict about taxes, and he got republicans beginning back in the '80s to sign these tax pledges, which, as i say, that tax pledge has really become the core identity of the modern conservative republican party. >> okay. we got a new candidate, fred barnes, he's a smart conservative. he's not some crazy. he would like to give the tax cut at a million. here is what he wants to do. an increase in the individual income tax rate fo
somebody who has millions and millions of dollars another $100,000, they're not going to spend it into the economy and hire someone, they're going to send it to the caymans, which is what mitt romney did with his tax cuts. that's what they're going to do. the economic theory is not sound. if you give somebody with $50,000 another $1,000, they're going to spend it. >> at christmastime instead of a working stiff gets $50 for a thank you, they gave their 50 bucks to the boss. is that how --...
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first port workers striking in los angeles and long beach california for 7 days in a row, costing the economy a billion bucks a day, some cool gadgets have you been wanting for christmas they may not make it off of the ships in time. on whether the unions might be going overboard. what is going on here? and what do you see happening? >> i don't know what is going on with unions over the hidays, but i tell you after thanksgiving, and bakers union killed the twinkie. and snarled traffic at lax the day before thanksgiving, now uscw on walrt, now, that was thanksgiving, now this christmas you have the longshoremen's union, tclerical workers going on strike, and shuts down two of the busiestports in the cntry. neil: there are many beefs they ve. but to bring people up to speed, is that among their beefs is this issue of replacing worker loss go terp nate or -- terminate or retired. that is common practice where your colleague goes you pick up their work as you know. for example i am doing work of 17 anchors mysel but in all -- >> you aays do a fantastic job. neil: i like to tell my that but it has
first port workers striking in los angeles and long beach california for 7 days in a row, costing the economy a billion bucks a day, some cool gadgets have you been wanting for christmas they may not make it off of the ships in time. on whether the unions might be going overboard. what is going on here? and what do you see happening? >> i don't know what is going on with unions over the hidays, but i tell you after thanksgiving, and bakers union killed the twinkie. and snarled traffic at...
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Dec 10, 2012
12/12
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rowe price, we understand the connections of a complex, global economy. it's just one reason over 75% of our mutual funds beat their 10-year lipper average. t. rowe price. invest with confidence. request a prospectus or summary prospectus with investment information, risks, fees and expenses to read and consider carefully before investing. >>> let me finish tonight with this. here's a "hardball" take away for you. think about the role played this past election year by percentages. remember one percent? that was the battle cry of the movement. that one percent that focused on the very top of this country's economic pile had a lot of influence. it persuaded a lot of fair bs. here's another one. eight percent. obama hadn't gotten that unemployment rate down below that number, he would have had a far harder time winning last month. i believe i said this earlier in the campaign. if it was under agt, obama would become the faif rit. if not, he wouldn't. ma imagine if that number had been spiking in the other direction.
rowe price, we understand the connections of a complex, global economy. it's just one reason over 75% of our mutual funds beat their 10-year lipper average. t. rowe price. invest with confidence. request a prospectus or summary prospectus with investment information, risks, fees and expenses to read and consider carefully before investing. >>> let me finish tonight with this. here's a "hardball" take away for you. think about the role played this past election year by...
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Dec 6, 2012
12/12
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economy. the weekly unemployment numbers came in as they do every thursday. the labor department reported 370,000 americans filed for first-time unemployment claims. either way, either way, folks, your taxes will go up despite the haggling going on on capitol hill. you will be paying more to the u.s. government. stuart varney joins me now. so, stuart, that's the bottom line. this is what people i think across the country are starting to realize no matter what they negotiate, 2013 will be different for most of us. >> this is the untold tax story. everybody has been concentrating on tax the rich, yes or no. but the payroll tax holiday goes away january 1. neither political party wants to keep it going, therefore the tax -- the social security tax for everybody who works goes up as of january 1. that will take $120 billion out of the economy. it is a tax increase of $120 billion. martha: the bush tax cuts and letting them go versus this increase. how does it all balance out? >> reporter: just consider this. you reported 370,000 people filed for first-time unempl
economy. the weekly unemployment numbers came in as they do every thursday. the labor department reported 370,000 americans filed for first-time unemployment claims. either way, either way, folks, your taxes will go up despite the haggling going on on capitol hill. you will be paying more to the u.s. government. stuart varney joins me now. so, stuart, that's the bottom line. this is what people i think across the country are starting to realize no matter what they negotiate, 2013 will be...
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Dec 8, 2012
12/12
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and that's what the republicans said about the economy. and they want to do it again with this cliff. and they want to do it again with the debt court of appealing in january. and we can't keep surrendering to that. >> i want to talk than. thank you for the analogy, by the way. you have called on congress to remove the debt ceiling altogether, to do away with it entirely. >> yes. the debt court of appealing is entirely superfluous. what the debt ceiling says if you can't pay the bills. you certainly should have an intelligent debate over how much money you want to spend, what the tax level should be. and that either produce a balanced budget or a deficit, whatever. but the decisions that were made two and three years ago produced the necessity to raise the debt ceiling again. to say you're not going to raise the debt ceiling is to say you're going to default and that's going to collapse the economy. you can't do that. now, we have raised the debt ceiling 77 times since world war ii, seven times under the last bush administration. the norma
and that's what the republicans said about the economy. and they want to do it again with this cliff. and they want to do it again with the debt court of appealing in january. and we can't keep surrendering to that. >> i want to talk than. thank you for the analogy, by the way. you have called on congress to remove the debt ceiling altogether, to do away with it entirely. >> yes. the debt court of appealing is entirely superfluous. what the debt ceiling says if you can't pay the...